Boeing says 737 max's return would be the main driver of positive cash flow in 2021 - conf call

Boeing ceo says modifying work areas to allow for physical distancing - conf call.boeing ceo says airlines are deferring airplane orders, postponing acceptance of completing orders and slowing down or stopping payments; they are also accelerating aircraft retirements.boeing ceo says continuing payments to more than 12,000 suppliers.boeing ceo says working closely with the faa and global regulators to get the 737 max back in the air.boeing ceo says overall environment due to covid-19 presents logistical challenges for the necessary international travel and the in person meetings, which are required for the 737 max certification process.boeing ceo says now expect the necessary regulatory approvals for the 737 max to be obtained in time to support resumption of deliveries in q4, 2020.boeing ceo says encouraged by early signs of passenger traffic recovery, but the trajectory may be uneven going forward.boeing ceo says u.s. air travel has seen signs of flattening or slight declines in july due to a rise in covid-19 cases.boeing ceo says expects it will take three years for travel to recover to 2019 levels, and few years beyond that for the industry to return to normal growth trends.boeing ceo says so far has tracked retirements of close to 1,000 of the more than 2,500 aircraft with 20-plus years of service prior to the crisis.boeing ceo says expects multi-year recovery period for commercial services business.
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